Post
Topic
Board Trading Discussion
Re: Thoughts on Straight HODL vs Trading
by
nasipadang
on 06/09/2020, 11:58:42 UTC
What I mean by straight HODL is that your hold through the crashes and the rises until you inevitably cash our and by trading I mean that you hold for a few months and then sell into fiat and wait for the expected dip/recession.
What i've noticed over the past years is that if I was less greedy and just cashed out after a reasonable profit and then held until the inevitable crashed, I would have made much more money than if i just held or bought another coin. 

An example of this is when I bought eth at 475 and sold at 1380.  Right after I sold I bought ltc at 230 thinking that it was gonna skyrocket after some of the money from the eth will flow back into the other coins.  The problem with that was that the entire market crashed and so if I were to just hold my fiat i would have been able to easily double my money. 

Let me know what your guys's thoughts are on this.
I know what you mean but the two options are relative, I mean it depends on market conditions and how much risk you will take. In terms of profit, straight trade is better because it maximizes the range of volatile market values, but when you enter the market the atmosphere will be different. Even so, straight trades have a higher loss rate than straight HODL. Straight HODL is suitable for users who do have high trust in bitcoin / crypto.